67.9
Good
Property score
67.9
Good
Overall 67.9
Smaller than most nearby homes
1,122 sqft (bottom 24%)
Built in 1943 (6 yrs newer than avg)
Located in a high-income area
with median household income of ~126k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 1 school, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Near average
6 yrs newer than neighborhood avg.
Mother tongue
English · 84%Chinese · 1%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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67.9 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north river heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110384
$126K
Median household income
$128K
Average household income
8%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
18%
Single-person households
37%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
488 Ash Street — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 475 m), 2 parks (nearest 137 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Local garbage, recycling, and yard waste pickup schedule for 488 Ash Street.
Garbage
monday
Recycling
monday
Yard Waste
monday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 29% | Top 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 8% | Bottom 18% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 488 Ash Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is a classic 1943 bungalow situated on a 4,820 sqft lot in the established North River Heights neighborhood. With 1,122 sqft of living space and an assessed value of $424k, it presents a specific value proposition. Its appeal lies in its context: while the house itself is more compact and the lot is smaller than many on its own street, it sits in a desirable, mature area where its value is above the Winnipeg citywide average. This creates an opportunity for entry into a sought-after location at a relatively accessible price point.
The property would suit a first-time buyer or a downsizer seeking a lower-maintenance footprint without leaving a prime neighborhood. It’s a practical choice for someone who values location and lot potential over immediate square footage, as the home offers a solid foundation for future updates or an addition. A thoughtful perspective is that its "below average" size on the street is precisely what makes it a more attainable option in an area where larger homes command a significant premium. Recent sale history shows steady appreciation, suggesting a stable investment in a well-regarded community.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
The living area is 1,122 sqft, which is below the average for both Ash Street and the wider North River Heights area. However, it is much closer to the average home size across the entire city of Winnipeg.
2. Is the assessed value in line with the neighborhood?
Yes. The $424k assessment is around the average for both Ash Street and North River Heights. It is notably higher than the citywide average, reflecting the premium for this established neighborhood.
3. What is the property’s recent sale history?
The home sold in September 2022 for between $350,000 and $400,000, and prior to that in December 2020 for between $300,000 and $350,000. This indicates a pattern of appreciation. Exact sold prices can be requested by email.
4. What are the implications of the home being built in 1943?
Built 83 years ago, it is typical for the vintage of North River Heights. Buyers should budget for the maintenance and potential updates expected of a home of this age, while also appreciating the character and established lot that come with it.
5. How does the lot size affect potential?
At 4,820 sqft, the lot is smaller than most on Ash Street but is near the average for North River Heights. It provides a good outdoor space for a home of this size and may offer potential for landscaping or a garden suite, subject to zoning regulations.
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